The UK implemented Open Banking in January 2018 and now, almost two years later, the momentum is beginning to build.
The Open Banking Implementation Entity (OBIE) shared figures showing there are 49 million data sharing requests in the country monthly, doubling in the past seven months and up from just 720,000 requests in May 2018. In the UK, there are 180 regulated providers of application programming interfaces (APIs), up from 67 in 2018. These consist of 116 third-party providers (compared with 44 in 2018) and 64 deposit account providers, up from 23.
